Billionaire Branson prepares to take one small step for entrepreneurs in space: by DavidGDawkins
Whitehorn says Branson’s “temerity” to undertake centrifuge training and “pull parabolas” in a MIG aircraft have given him a different perspective on how to approach space entrepreneurship. “And on top of that he's had a vision,” he says, adding, “he sees the simplicity in complex things–because he's dyslexic–in a way that a lot of other people don't.”
Whitehorn says that for Branson, Virgin Galactic is about “regularizing space” and “making the area outside of the atmosphere not something to fear.” Although there’s an element of competition between Virgin Orbit and SpaceX in the small satellite launch space, and between Virgin Galactic and Blue Origin in space tourism, Branson is driven by the business potential of both offerings, despite the billionaire competition, and the high cost of failure....
Whitehorn describes Branson as “a very concerned environmentalist” who wants to “industrialize outside of the atmosphere.” “The competition is not a bad thing. I think if Richard can pull this off ... [and] beat Jeff [Bezos] into space, good luck to him. Jeff won't resent that.
Anderson champions the value that entrepreneurial competition has brought to the business of space. “[I] find it fascinating that both Galactic and Blue [Origin] have each been working towards this moment for 20 years and that they are both on the cusp of realizing their ambitions at the same time. Competition drives progress and we're witnessing that firsthand now.”
At the close of markets on Thursday, Branson’s estimated net worth had risen nearly $450 million in one day to $6 billion, boosted by excitement and a change of sentiment over his biggest asset, Virgin Galactic. Shares of Virgin Galactic have risen nearly 20% since July 1, when Branson announced he would be heading to space on July 11.
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